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EPS for Marlin Business Services Corp. (MRLN) Expected At $0.42; Perigon Wealth Management Has Lowered By $355,140 Its Wells Fargo & Co (WFC) Stake

Marlin Business Services Corp. (NASDAQ:MRLN) Logo

Analysts expect Marlin Business Services Corp. (NASDAQ:MRLN) to report $0.42 EPS on April, 26.They anticipate $0.08 EPS change or 23.53% from last quarter’s $0.34 EPS. MRLN’s profit would be $5.11M giving it 17.23 P/E if the $0.42 EPS is correct. After having $0.47 EPS previously, Marlin Business Services Corp.’s analysts see -10.64% EPS growth. The stock increased 0.17% or $0.05 during the last trading session, reaching $28.95. About 16,829 shares traded. Marlin Business Services Corp. (NASDAQ:MRLN) has risen 10.59% since April 17, 2017 and is uptrending. It has underperformed by 0.96% the S&P500.

Perigon Wealth Management Llc decreased Wells Fargo & Co (WFC) stake by 16% reported in 2017Q4 SEC filing. Perigon Wealth Management Llc sold 5,919 shares as Wells Fargo & Co (WFC)’s stock declined 16.98%. The Perigon Wealth Management Llc holds 31,073 shares with $1.89 million value, down from 36,992 last quarter. Wells Fargo & Co now has $247.59 billion valuation. The stock decreased 0.18% or $0.09 during the last trading session, reaching $50.8. About 31.88M shares traded or 35.08% up from the average. Wells Fargo & Company (NYSE:WFC) has declined 7.75% since April 17, 2017 and is downtrending. It has underperformed by 19.30% the S&P500.

Marlin Business Services Corp., through its subsidiary, Marlin Leasing Corporation, provides equipment financing solutions to small and mid-sized businesses in the United States. The company has market cap of $352.37 million. It finances approximately 100 categories of commercial equipment, including copiers, security systems, computers and software, telecommunications equipment, and certain commercial and industrial equipment. It has a 14.4 P/E ratio. The company, through its other subsidiaries, also offers property insurance coverage on its equipment; and issues Federal Deposit Insurance Corporation -insured deposits and money market demand accounts.

Since March 12, 2018, it had 0 buys, and 1 sale for $81,699 activity. The insider Dietz Edward Ralph Jr. sold 3,000 shares worth $81,699.

Among 3 analysts covering Marlin Business Services (NASDAQ:MRLN), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Marlin Business Services had 6 analyst reports since November 4, 2015 according to SRatingsIntel. The firm has “Buy” rating by Keefe Bruyette & Woods given on Sunday, February 4. Keefe Bruyette & Woods maintained Marlin Business Services Corp. (NASDAQ:MRLN) on Thursday, December 21 with “Buy” rating. The stock of Marlin Business Services Corp. (NASDAQ:MRLN) has “Market Perform” rating given on Thursday, February 4 by William Blair. On Tuesday, December 12 the stock rating was initiated by Keefe Bruyette & Woods with “Buy”.

Investors sentiment increased to 1.47 in Q4 2017. Its up 0.18, from 1.29 in 2017Q3. It is positive, as 9 investors sold Marlin Business Services Corp. shares while 21 reduced holdings. 15 funds opened positions while 29 raised stakes. 9.90 million shares or 1.18% more from 9.78 million shares in 2017Q3 were reported. Renaissance Tech Ltd Company reported 250,500 shares or 0.01% of all its holdings. Ameritas Invest Prtn holds 795 shares or 0% of its portfolio. Hancock Commerce holds 0.01% or 9,408 shares in its portfolio. 191,910 were reported by Goldman Sachs. Lsv Asset stated it has 6,400 shares. Dimensional Fund Advsr Ltd Partnership reported 0.01% of its portfolio in Marlin Business Services Corp. (NASDAQ:MRLN). Zacks Invest Mgmt stated it has 0.01% of its portfolio in Marlin Business Services Corp. (NASDAQ:MRLN). Blackrock accumulated 0% or 620,123 shares. Alliancebernstein Lp holds 0% or 16,600 shares. Stone Ridge Asset Management Ltd Co holds 0.03% in Marlin Business Services Corp. (NASDAQ:MRLN) or 23,042 shares. Tower Research Ltd Liability Co (Trc) accumulated 7,799 shares. Mutual Of America Capital Limited Liability Corp stated it has 0.1% in Marlin Business Services Corp. (NASDAQ:MRLN). Red Mountain Partners Limited holds 3.00M shares or 33.13% of its portfolio. Kestrel Mngmt accumulated 106,725 shares. Northern Corp owns 150,064 shares.

Since November 17, 2017, it had 0 insider buys, and 1 insider sale for $292,234 activity. 5,393 shares were sold by Codel Franklin R, worth $292,234.

Analysts await Wells Fargo & Company (NYSE:WFC) to report earnings on July, 13. They expect $1.17 EPS, up 9.35% or $0.10 from last year’s $1.07 per share. WFC’s profit will be $5.70B for 10.85 P/E if the $1.17 EPS becomes a reality. After $1.12 actual EPS reported by Wells Fargo & Company for the previous quarter, Wall Street now forecasts 4.46% EPS growth.

Wells Fargo & Company (NYSE:WFC) Institutional Positions Chart

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